Bloomberg announced today that the Investment Industry Regulatory Organization of Canada (IIROC) has certified Bloomberg TOMS to provide customers trade reporting tools for eligible trades under Dealer Member Rule 2800c – Transaction Reporting for Debt Securities, which takes effect on November 1, 2015.
Bloomberg TOMS is the award-winning multi-asset order management solution for sell-side firms developed by Bloomberg Trading Solutions.
The IIROC transaction reporting functionality is available to all current customers of Bloomberg TOMS for use as part of their normal ticketing workflow. This functionality supports Canadian debt security transactions executed by Dealer Members or their affiliates that are Government Securities Distributors.
“The certification by IIROC signals our readiness to help our sell-side clients in Canada embrace this important and evolutionary change to its regulatory structure,” said Sunil Biswas, global head of product for Bloomberg TOMS. “Bloomberg has a proven track record of providing reporting capabilities to the market place. To develop a solution for IIROC reporting, we tapped into the experience we gained over the last decade building a solution for FINRA’s Trade Reporting and Compliance Engine (TRACE) requirements in the U.S.”
Bloomberg – Oct. 26, 2015.
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